West Michigan Tax Symposium

Transcription

1 November 12, 2014 Hilton Grand Rapids Airport Hotel Grand Rapids West Michigan Tax Symposium Presented in partnership with the Master of Science in Taxation Program, Grand Valley State University Recommended CPE Credit: 8 hours (includes Ethics) Optional Early Bird Ethics: 1 Ethics hour (FREE for MICPA members; $55 non-members) 40 Get 40 for sure! You can trust that MICPA education will qualify for CPE credits as you work toward getting your required 40 hours annually. We also help you track progress with a personalized CPE Tracker that automatically includes MICPA CPE. Access your Tracker any time at micpa.org/mycpe and get your 40 for sure!

2 Keynote Presentation Kisscorni Michigan Taxpayer Rights Legislation and the Andrie Supreme Court Decision: Tax Administration From the Point-Of-Sale to Offer-in-Compromise The numerous legislative changes to tax administration in 2013 and 2014 have never been as comprehensive or as dramatic. Learn the new process and standards for audit, the new statute of limitations requirements, changes to the successor and corporate officer liability, to disclosure and an introduction to Michigan s first-ever Offer in Compromise program. Find out about the Michigan Supreme Court s decision in Andrie Inc. v Dept of Treasury and the significant new record-keeping changes imposed on Michigan purchasers. This packed informative hour introduces you to the biggest changes to tax administration in forty years. You don t want to miss it! Edward S. Kisscorni, CPA, MBA Owner, Edward S. Kisscorni, CPA, Grand Rapids Jack L. Van Coevering, JD Bloom Sluggett Morgan, PC, Grand Rapids Van Coevering After-Luncheon Presentation Etienne The Election & Taxes: What Does It Mean? θ0 This was a big election year for Michigan. Now that the results are in, what impact will it have on important tax regulations and requirements? Our expert keynote updates you on what the post-election tax world looks like across the U.S. and how it effects you and your clients. Jina Etienne, CPA, CGMA Director Taxation, Tax Ethics & Professional Standards, AICPA Tax Section, Washington, DC breakout sessions When registering, please choose nine of your preferred choice of breakout sessions (A-N). You will be assigned to five sessions. A) Your All-Around Corporate Tax Update θ0 What are you doing to ensure you remain current? Stay on-top of the changes, delve into regulations and allow yourself a 360-degree understanding of the law. Our expert equips you with techniques to prepare for roadblocks and identify opportunities to ensure tax-savings. Brett M. Karhoff, CPA, MST Senior Tax Manager, Hungerford Nichols CPAs + Advisors, Grand Rapids B) Tackling Individual Tax The Latest and Greatest θ0 When your clients ask the tough questions, be sure you have the right answers. Prepare for the upcoming tax season by pinpointing what changes are on the horizon and how they will affect you. Learn about recent court decisions, new tax developments and preparation ideas to better understand current obstacles and ready yourself to comply with new regulation. Jeff Rohde, CPA Tax Manager, Plante Moran PLLC, Grand Rapids Derik Rynearson, CPA Tax Associate, Plante Moran PLLC, St. Joseph ^Qualifies for Ethics CPE hours Qualifies for CFP credit 0- Qualifies for EA credit

3 breakout Sessions CONTINUED C) Partnering with the Experts on Partnership Taxation θ0 A unique area of tax filled with its own complications, the tax rules for partnerships and LLCs is something you want to know inside and out. This session offers a comprehensive understanding on the fundamental rules, concepts and the complexities of partnership taxation. Enjoy a full discussion of the federal taxation issues for partnership entities including possible tax consequences for owners and partners. Eric T. Fischer Senior Tax Manager, BDO USA, LLP, Grand Rapids Andrea Kunkel, CPA Tax Manager, BDO USA, LLP, Grand Rapids D) Retirement and Fringe Benefits What Do You Need to Know? θ0 With the constantly-changing requirements, updates and addendums to retirement and fringe benefits, it is important for practitioners working with employee benefit plans to remain current on the issues. Join this session for the latest developments, strategies and techniques in handling taxable and non-taxable retirement and benefit plans. John H. McKendry, Jr., JD Partner, Warner Norcross & Judd LLP, Muskegon E) Affordable Care Act What the Heck is Happening Now? θ Last year, healthcare reform had everyone on the edge of their seat. Now that the ACA has been implemented, what do you need to know moving forward? Our expert provides you with the most current information on this confusing matter as well as prepares you to answer those tough client questions being thrown your way. Mary V. Bauman, JD Attorney, Miller Johnson, Grand Rapids F) It Could Get Messy Dividing Assets and Taxes in Marital Situations θ With divorce rates in the United States at an all-time high, it is likely you will eventually assist a client going through the process. This session updates you on tricky tax issues that can arise during marital dissolution as well as new rules for Innocent Spouse Equitable Relief. Terry L. Zabel, JD Tax Attorney, Rhoades McKee PC, Grand Rapids G) State Audit Issues What s Old, What s New and What Just Won t Go Away θ When it comes to important tax audit issues in Michigan and other states, it seems you can never be too up-todate. Our expert keeps you current on the important issues in the multi-state audit climate including the latest developments and legislative updates for the CIT and lingering MBT. Richard W. Spengler, CPA Senior Director - Multi State Tax Consulting, BDO USA, LLP, Grand Rapids H) Tailor-Made Tax Practice Quality Controls It is important for tax practices to have a defined set of organizational standards that ensure the firm is performing appropriately. Tax Practice Quality Control (TPQC) systems are a set of organizational structures that help provide assurance of compliance, and are influenced by factors including the size of a practice, degree of authority granted and more. Join our expert for an explanation of the AICPA s Statement on Quality Control Standards, the various sample guides the AICPA is drafting, and how to design a proper TPQC system for your firm. Jina Etienne, CPA, CGMA Director Taxation, Tax Ethics & Professional Standards, AICPA Tax Section, Washington, DC One of the best symposiums in years! 2013 Attendee Register online Today! micpa.org/wmts or call

4 breakout Sessions continued CONTINUED I) Optimizing Tax Savings in International Business Transactions θ0 Many companies and organizations that sell U.S. produced products overseas can receive significant tax savings due to the Interest Charge Domestic International Sales Corporate (IC-DISC) provisions. Make sure you have the knowledge to save money this is an often overlooked tax savings opportunity for small to mid-sized companies! This session breaks down the export tax benefits in the Internal Revenue Code as well as how you can use the opportunities to a business s advantage. Trace L. Bauman, CPA Senior Tax Manager, Beene Garter LLP, Grand Rapids Daniel P. Lynn, CPA Partner, Beene Garter LLP, Grand Rapids J) Touching on Tangible Property Regulations θ0 How current are you on the changes to the regulations affecting real and taxable personal property that were finalized in 2013? What are implementation strategies and next steps that you need to watch out for? Discover the technical aspects of the regulations and understand what decisions you need to make before the end of the year. Don t fall behind! The new rules will affect you. Renee E. Sorrels, CPA Senior Manager, National Tax, Crowe Horwath LLP, Grand Rapids Joel E. Ypma, CPA, CPE Senior Manager, Crowe Horwath LLP, Grand Rapids K) Evaluating Tax Authority It s More Important Than You Think Whether you are new to accounting or a seasoned professional, accurate interpretation of tax authority is important to ensure correct conclusions, recommendations, and to avoid potential malpractice suits. Join this session to receive tips and best practices in evaluating various authorities including how to assess the weight of authority, how to structure a research communication, the hierarchy of case law and more. Richard W. Harris, CPA, JD Professor of Taxation, Grand Valley State University Seidman College of Business, Grand Rapids L) What Do You Do When Your Client Dies? The loss of a family member can be a difficult and stressful time, so families going through the experience often reach out to their CPAs for help. Alleviate some of the overwhelming pressure that a loss brings by tackling challenges like probate matters, final tax returns, trusts, life insurance benefits, and estate and gift tax. Pamela J. Cross, JD Attorney, Rhoades McKee, PC, Grand Rapids M) Maximize Your Social Security Benefits With the Baby Boomer generation reaching retirement age, more clients than ever will have questions regarding their future plans. Be prepared with answers! Receive important social security updates as well as details about Medicare Part A, B, C and D and be ready to help your clients navigate this confusing terrain. Jennifer Baldini, CFP, CRPC Financial Advisor, Rehmann, Grand Rapids N) Are You Qualified? The Ethics of Practice Development and Skill Enhancement^ For an accounting practice or career to thrive, it must grow and develop. But what about the Catch-22 of practice development: expertise at anything new requires experience, and experience cannot be attained while you are a non-expert! Or can it? This session looks at some of the more popular pathways to practice development (forensic accounting, fiduciary accounting, public offerings, consulting, etc.) and considers the drawbacks of reaching too far, too fast. Albert D. Spalding, Jr. Associate Professor, Wayne State University, Detroit You had great topics this year, nice job! 2013 Attendee ^Qualifies for Ethics CPE hours Qualifies for CFP credit 0- Qualifies for EA credit

5 Early Bird ETHICS Session FREE to MICPA Members Roadmap of the New AICPA Ethics Codification With the recent restructuring to the AICPA s Ethics Codification, it is essential for practitioners to stay current on the changes in order to remain compliant. Our expert provides you with a comprehensive breakdown of the new code including what s new, what has changed and what remains the same. Albert D. Spalding, Jr. Associate Professor, Wayne State University, Detroit Course ID: Recommended CPE Credit: 1 Ethics hour Fee: Free for MICPA Members; $55 Non-Members NIGHT OWL SESSION FREE to MICPA Members Cost Segregation Maximized: Through an Engineering Based Approach This session outlines the benefits of utilizing an engineering based analysis in Cost Segregation to maximize the benefits of accelerated depreciation. We share the level of detail that engineers use to maximizes benefits. In addition, hear about the new final Repair and Maintenance Regulations that were introduced this year and how partial disposition of assets can benefit your clients' bottom line. Steve VanSlyke Vice President, The Concord Group, Grand Rapids Course Code: Recommended CPE Credit: 1 Other hour Fee: FREE for MICPA Members; $55 Non-Members Sponsored in part by

6 West Michigan Ta x Symposium Wednesday, November 12, 2014 Hilton Grand Rapids Airport Hotel Grand Rapids AGENDA 7:00 AM Early Bird Ethics Session Registration & Refreshments 7:30 AM Early Bird Ethics Session Begins 8:00 AM Symposium Registration & Refreshments 8:30 AM Welcome & Keynote Presentation Edward S. Kisscorni & Jack L. Van Coevering 9:40 AM Breakout Sessions 10:40 AM Breakout Sessions 11:50 AM Breakout Sessions 12:50 PM Group Luncheon 1:40 PM After-Luncheon Presentation Jina Etienne 2:40 PM Breakout Sessions 3:50 PM Breakout Sessions 4:50 PM Adjournment Sessions of interest Public Accounting Professionals The Election and Taxes? What s It All Mean? Tax Practice Quality Controls Individual, Corporate & Partnership Tax Be Mindful of What Can Be Done Business & Industry Professionals Tax Audit Issues You Will Want to Know ACA End of 2014 Issues Real Tangible Personal Property Issues Course Code: A special thank you to the West Michigan Tax Symposium Task Force that helped plan this event: Matthew K. Becker Co-Chair Richard W. Harris Co-Chair Bonnie Koppenol Vice Chair Daniel L. Carter Jeffrey A. DeVree* Peter J. Lozicki John H. McKendry Jr.* Roger H. Oetting Claude A. Titche III Jack L. Van Coevering* Jeffrey Vander Kolk *Non-CPA volunteer CANCELLATION POLICY: If you cannot attend a program for which you are registered, call, fax, or write the MICPA at once. Cancellations received at least five (5) business days prior to the program date will be eligible for full refund or a credit. Cancellations received less than five (5) business days prior to the program date are subject to the following fees: $50 service charge on 8-hour or longer courses, $20 service charge on half-day events, $15 service charge on 2-hour events and a $10 service charge on 1-hour events. Credit balance(s) maintained with the MICPA as a result of cancellations, that are not used within one (1) year of the cancellation date, will be considered forfeited. Cancellations will not be accepted on or after the program date. Substitutions will be allowed until the start time of the program without penalty.

7 Wednesday, November 12, 2014 Yes, another year is almost gone. Tax developments have a new twist, new planning idea and are all around critical updates. Make sure you know what s to know. Who Should You Bring? Anyone in your firm or company that touches tax. This is always a great day of information and new ideas. Register online Today! micpa.org/wmts or call For a printable registration form visit micpa.org/cperegform progr am location & Pricing Hilton Grand Rapids Airport Hotel Grand Rapids Grand Rapids, MI Special MICPA rates are available for overnight accommodations. Fees: $210 MICPA Member / $340 Non-Member (add $30 for printed materials) Course Code: % Satisfaction Guar antee MICPA delivers the highest quality educational experience. If you are not satisfied with your course, call us at We will make it right. 100% Customize Your Experience As your benefit of attending a MICPA conference, you are able to customize your experience! Choose your preferred sessions for the day and based off your choices, and the preferences of other registrants, we arrange the schedule so you get the topics most important to you. When registering, please choose nine of your preferred choice of breakout sessions (A-N). You will be assigned to five sessions. E-asy, E-fficient, E-conomic, E-lectronic...E-Materials! After introducing e-materials in 2013 the MICPA was able to cut down 4 million paper copies per year! The move had an exciting benefit cutting down copies for us meant cutting down costs for you. By utilizing e-materials attendees experienced a price drop on almost all of our program registration fees, compared to previous years. To access the materials 48 hours prior to the event, visit: micpa.org/ematerials. Don t worry, you can still request paper materials for a small additional cost. For more information about e-materials visit micpa.org/ematerialsfaq. MICPA s Connections & Careers MICPA s Connections & Careers makes finding high-quality, accounting and CPA candidates easy. Post your accounting or CPA job on Connections & Careers and get exposure to the types of high-quality candidates you need. Plus, search our extensive database of finance professionals resumes! Visit micpa.org/careers today! E-MATERIALS CANCELLATION POLICY: Refunds or credit will not be given after e-materials have been downloaded and registrant is responsible for full balance of the course and materials.

8 Wednesday, November 12, 2014 Hilton Grand Rapids Airport Hotel Grand Rapids West Michigan Tax Symposium Register online today! micpa.org/wmts Nonmember Conference Cost with e-materials $ 240 paper materials $ 370 MiCPA Members SAve $ 130 member Conference Cost with e-materials $ 210 paper materials $ Corporate Drive, Suite 200 Troy, MI Toll Free in Michigan: Marketing Code: BWMTS14 (Please mention or enter this code when registering for this program)